The “technology enterprise division” is created as a division of the economic development department. The division shall:

A. enhance the business climate to encourage the start-up, relocation, development and growth of technology-based industry in New Mexico;

B. promote an expanded, diversified technology-based economy, emphasizing areas that:

(1)     derive from the state’s technological strengths; (2)     provide a commercial advantage;

(3)     lend themselves to a distributed technology-based industry network; and

(4)     utilize imaginative state, federal and private partnerships; and

C. attain sufficient levels of human, financial and physical resources to support in- state industries and attract new industries to New Mexico.